whats the right answer
What is considered healthy economic growth for fiscal policy in terms of percent of Gross Domestic Product (GDP) per year?(1 point)
Responses
2% to 3%
2% to 3%
3% to 4%
3% to 4%
0% to 1%
0% to 1%
4% to 5%
2% to 3%
The right answer is:
3% to 4%
The right answer is 2% to 3%.
To determine the right answer, we need to consider the range of healthy economic growth for fiscal policy in terms of percent of Gross Domestic Product (GDP) per year. GDP represents the total value of all goods and services produced within a country during a specific time period.
A growth rate of 2% to 3% is generally considered healthy because it indicates that the economy is growing steadily without overheating or experiencing excessive inflation. This range allows for sustainable economic expansion while also maintaining price stability.
To arrive at this answer, you would need to have a basic understanding of economic principles and an awareness of current economic conditions. This information can be obtained through studying economics or following reputable sources of economic data such as government reports, financial news outlets, and economic research institutions.